Brazil: Cemex Latam Holdings (CLH), the subsidiary of Mexican cement company Cemex in Central and South America and the Caribbean region, together with its subsidiary Corporacion Cementera Latinoamericana, expect to finalise the sale of Brazilian cement producer Cimento Vencemos Do Amazonas (CVDA) for around US$30m by the end of 2018. On 25 May 2018, the pair agreed to sell all of the shares they own in CVDA to Brazilian cement company Votorantim Cimentos.
Cemex on course to sell Vencemos do Amazonas stake
Written by Global Cement staff
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